LOM Holdings Share Repurchasing Programme
In a filing with the Bermuda Stock Exchange, LOM [Holdings] Limited announced that at a meeting of the Board of Directors held on October 29, 2013, the Directors authorized management to purchase up to a further 50,000 shares thereby bringing the total shares authorized to be repurchased for cancellation to 150,000 shares, pursuant to Regulation 6.38 of the BSX Listing Regulations, at a price to be determined by them.
The authorized repurchase represents approximately 2.45% of the overall listed securities of the Company, and was approved due to a disparity between the current share price and the current book value of shares.
From January 2013 to date, the Company repurchased a total of 31,204 shares at the average price of $2.3377 per share.
